Feeder cattle prices, auction market volumes see ‘significant jump’
The fed cattle market has continued its contra-seasonal move through the third quarter. Typically, larger fed cattle numbers with more days on feed are met with consumers pulling back as fall schedules commence along with the additional expenses that accompanying all hit at once. The third quarter has seen larger carcass weights and lower wholesale prices; however, the market is ignoring that negativity, setting new annual highs each week.
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